- Joined
- Apr 26, 2018
- Messages
- 13
- Reaction score
- 2
I am considering opening up a private practice in the next few years and I keep hearing/reading that accepting insurance is a nightmare and significantly negatively contributes to the lives of psychologists. It seems like a lot of people on this board -- and online in general -- advocate for a private-pay practice being the way to go. For the purposes of my question, let's say we are talking about in a large city in California.
Something I still have trouble understanding is: Who are these people that can actually afford private-pay therapy? Perhaps I am naive, but how wealthy must someone be to be able to afford $150-200 per hour? This question especially boggles me because I imagine, perhaps wrongly, that many people willing to pay this price tag are more "worried-well" type folks, not those with more severe psychopathology, who are not necessarily looking for short-term, protocol-driven, work that would lend itself to 10 sessions. Given that this might be the case, who has an extra $800 a month to throw towards 4 hours a month of "self improvement"?
I consider my family upper-middle class and most of my friends fall in the upper-middle/lower upper class, and can't think of anyone who would be able to afford this -- or who would opt for this -- over someone with a masters who takes insurance? Especially if many people don't even distinguish between psychologists and master's level therapists? This is confusing because I have also spoken to some psychologists previously (e.g., in the bay area) who tell me that all of their colleagues are booked solid with a waiting list, and only accept private pay, $200/hour+. I guess this makes sense if their clients were all working in tech, but what about other areas of CA, like Southern California?
For those of you who have worked with private pay clients, who are these people? How wealthy are they actually? What has been your experience doing therapy with them? How long do they typically stay? Are they more inclined to pay for child/adolescent therapy over therapy for themselves? Or are they more likely to pay PP for couples therapy because their relationship is in shambles? Do they tend to be more entitled/rude? So many questions about this sub-population I have gotten little exposure to. Reflecting about all this makes me realize the vast majority of my work has been with lower SES people.
Something I still have trouble understanding is: Who are these people that can actually afford private-pay therapy? Perhaps I am naive, but how wealthy must someone be to be able to afford $150-200 per hour? This question especially boggles me because I imagine, perhaps wrongly, that many people willing to pay this price tag are more "worried-well" type folks, not those with more severe psychopathology, who are not necessarily looking for short-term, protocol-driven, work that would lend itself to 10 sessions. Given that this might be the case, who has an extra $800 a month to throw towards 4 hours a month of "self improvement"?
I consider my family upper-middle class and most of my friends fall in the upper-middle/lower upper class, and can't think of anyone who would be able to afford this -- or who would opt for this -- over someone with a masters who takes insurance? Especially if many people don't even distinguish between psychologists and master's level therapists? This is confusing because I have also spoken to some psychologists previously (e.g., in the bay area) who tell me that all of their colleagues are booked solid with a waiting list, and only accept private pay, $200/hour+. I guess this makes sense if their clients were all working in tech, but what about other areas of CA, like Southern California?
For those of you who have worked with private pay clients, who are these people? How wealthy are they actually? What has been your experience doing therapy with them? How long do they typically stay? Are they more inclined to pay for child/adolescent therapy over therapy for themselves? Or are they more likely to pay PP for couples therapy because their relationship is in shambles? Do they tend to be more entitled/rude? So many questions about this sub-population I have gotten little exposure to. Reflecting about all this makes me realize the vast majority of my work has been with lower SES people.